Chickpeas Market: Desi Chickpeas to Gain Maximum Revenue Share

Posted by Arslan on February 6th, 2019

 According to the latest report by Fact.MR, the chickpeas market is expected to experience above-average growth. The market is projected to increase to 4.3% CAGR during the forecast period. Owing to the various health benefits, nutrients, and proteins, chickpeas are being consumed on a large scale across the globe. People are using chickpeas in a variety of dishes to add texture and flavor. Chickpeas are also being offered to the animals to fulfill their energy and protein requirements. Following are the few insights on how the global chickpeas market will perform in the next five years.

Browse Full report with TOC  

https://www.factmr.com/report/296/chickpeas-market

Many restaurants and fast-food chains have also started using chickpeas as the main ingredient in their cooking. With the rise of health-consciousness among consumers, manufacturers have also started including chickpeas in various processed foods. Among various foods, hummus is one of the most popular dips or spread made of chickpeas. Hence, hummus is also being made using a variety of flavors with chickpeas as the main ingredient. Being the largest producer of chickpeas, many major market players are looking forward to expanding in India and other Asian countries to produce various food products with chickpeas as a major ingredient. Increasing number of people suffering from gluten sensitivity or celiac disease is also motivating restaurants to opt for gluten-free cooking with beans such as chickpeas.

Asia Pacific Excluding Japan (APEJ) is expected to remain dominant in the global chickpeas market. By the end of 2022, APEJ chickpeas market is estimated to reach nearly US$ 5,000 million revenue. In APEJ region, India is one of the largest producer of chickpeas, followed by Australia, Pakistan, China, etc. hence, the region accounts for the largest share in the global chickpeas market.

North America is also expected to emerge as the biggest market for chickpeas. Chickpeas are consumed in various forms as food items. In North America, canned chickpeas are consumed on a large scale with salads. Chickpeas are also available in form of dry chickpeas and ground flour to be used in baking.

Compared to Kabuli chickpeas, desi chickpeas are expected to be one of the highly-preferred product. Desi chickpeas are estimated to reach nearly US$ 6,600 million revenue by the end of 2022.

Dried Chickpeas to be the Most Preferred Form

Among various forms of chickpeas available in the market, dried chickpeas are likely to gain traction in the global market for chickpeas. Dried chickpeas are projected to surpass US$ 5,000 million towards 2022 end. On the other hand, fresh/green chickpeas are also likely to be the second most preferred chickpeas form.

The report also profiles companies that are expected to remain active in the expansion of global chickpeas market through 2022, which include Bean Growers Australia Limited, The Wimmera Grain Co., Pty Ltd, AGT Food & Ingredients, Inc., OLEGA S.A., Alberta Pulse Growers Commission, Indraprasth Foods Ltd, Mast Qalander Traders, and Sanwa Pty. Ltd.